Accounts

Overview

Welcome to easy, more personal banking.

Banking on your terms.

Whether you have a little money or a lot, we can always help you find a smarter way to make your money work for you.

From convenient everyday chequing accounts to high-interest savings accounts, we make it easy to manage your money and save for the future. Open an Alterna personal bank account and start benefiting today.

Chequing Accounts

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Simply Chequing

Choose a convenient banking package that suits your needs. If you have more than one chequing account, you can choose a different package for each account.



  • Easy access with online, mobile app and telephone banking
  • Deposit a cheque on the go using our mobile banking app on your smartphone or tablet
  • Debit card to pay for purchases or withdraw cash
  • Surcharge-free access to over 43,000 ATMs in North America with THE EXCHANGE® Network in Canada and Allpoint Network in the US
  • Safety and security—eligible deposits are insured up to the maximum amount covered by the Financial Services Regulatory Authority of Ontario (FSRA)

 

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US Dollar Chequing

Enjoy the convenience of banking in US dollars and control when to convert your funds.




 

  • An all-in-one chequing and savings account
  • Great for day-to-day banking in US dollars
  • Earn interest on balances over US$200
  • Pay for items and write cheques in US dollars
  • Reduces currency exchange risk

Savings Accounts

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Investment Savings

A high-interest savings account that helps you reach your savings goals faster.



    • No minimum balance required—start saving right away
    • Easy access with online, mobile app and telephone banking
    • One free debit transaction per month
    • Interest is calculated daily and paid monthly
    • Safety and security—eligible deposits are insured up to the maximum amount covered by the Financial Services Regulatory Authority of Ontario (FSRA)
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Daily Interest Savings

Get easy access to your savings while earning interest.



    • No minimum balance required—start saving right away
    • Easy access with online, mobile app and telephone banking
    • Two free debit transaction per month
    • Interest is calculated daily and paid monthly
    • Safety and security—eligible deposits are insured up to the maximum amount covered by the Financial Services Regulatory Authority of Ontario (FSRA)

Overdraft Protection

Add overdraft protection to your Alterna chequing account and enjoy the peace of mind of knowing you’ll have access to extra funds when you need them. No longer worry about your account becoming overdrawn if you accidentally don’t have enough money in your account to clear outstanding cheques, pre-authorized debits and debit card transactions. Your overdraft protection will automatically come into effect to cover any shortfall up to your approved overdraft limit.

  • Repayment is as easy as making a deposit to your account
  • Low monthly fee of $2.50
  • Annual interest rate of 19.99%
  • Covers all draws on your chequing account (bill payments, cheques, point of sale, pre-authorized debits, etc.)
  • Credit limits ranging from $500 to $5,000**
  • Application is subject to credit approval

Ways to Bank

Articles

Chequing vs. Savings account

There are many benefits to having both a savings and chequing account. Learning to use these two types of accounts jointly can help you reap the benefits of both!

couple on the couch using a calculator

The Benefit of Multiple Bank Accounts

Using multiple accounts can help you keep track of and manage your spending. Still not convinced? Read on. It's simpler than you think.

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Five Steps to Create a Personal Budget

Creating a budget doesn't need to be complicated. We've simplified the process into five easy steps.

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How can we help?

*US Dollar chequing accounts can only be opened in-branch.

**Application is subject to credit approval

Your financial well-being comes first

Welcome to a better way to bank. Our knowledgeable team puts your financial well-being first with good, caring and transparent advice while offering all the products and services you need.